Flyers

Being in a political debate is no treat. Especially when you have a ton to lose. I know.

At the end of my first term as a member of Parliament (I was a Tory then – the good kind, a PC) the election featured a wild event one night in my riding. There were thirteen candidates. Yes, 13. The lefties had at least three to choose from. A couple of indies showed up. The right-wingers could choose Conservative or Reform. My fav (besides me) was the Rhino guy. And then there were the loonies, led by some levitating grifter from the Natural Law Party.

If you’re old enough you might remember the yogic flyers, led in Canada by magician and hair machine Doug Henning. They believed government should run like the cosmos, chlorophyll, osmosis or the tides. Think Elizabeth May in the Sky with Diamonds.

Anyway, it’s hard to keep your gravitas when surrounded by people who’ll never win but have a very good chance of making you look like a lumpen dork. This maybe the issue tonight as Justin Trudeau and Andrew Scheer – the only two who could be prime minister on October 22nd – share a stage with May, Singh, that Bloc guy and Mad Max. All Jagmeet will do is bleed Lib support. All Max can hope for is to steal 2% from Scheer. And given the tightness of recent polling, the fringes may dictate the middle.

In any case, it’s been a sad little campaign all about buying off special interest groups. One of those is wannabe homeowners, and both the Libs and Cons have rolled out multi-pronged plans to ‘make houses more affordable.’ But this isn’t going to happen. The opposite will.

So says the International Monetary Fund: “Well-meaning policies that aim to improve housing affordability by increasing households’ capacity to borrow may unintentionally raise house prices—ultimately resulting in homebuyers having to borrow more and leading to higher household debt.” According to these guys there are two major causes of ridiculously, deliriously absurd real estate prices. First, increased demand which flows from stupid political policies. Like you will hear tonight.

The second is interest rates artificially depressed by central banks to stimulate economic activity. Simply put: “Lower mortgage rates increase the price-to-income ratio, increasing the time required to save for the down payment. Thus, declining interest rates worsen housing affordability.” No argument there. The negative correlation between the price of a house in East Van and the prevailing mortgage rate is crystal. The cheaper money gets the more people borrow and spend. Similarly, the more incentives provided by government to buy, the more people will dive in. We kicked that around here yesterday.

The price of real estate will remain unaffordable until (a) demand is squished by requiring 20% down payments or (b) the supply of housing explodes – both if which will never happen. Politicians should stop diddling around the edges, pretending they have solutions and making things substantially worse. Better to leave Mr. Market to his eternal cosmic forces of natural selection. Hey, wait…

166 comments ↓

#1 NoName on 10.07.19 at 4:45 pm

Can’t wait to see first comment today. It’s getting interestinger by the minute.

#2 SunShowers on 10.07.19 at 4:45 pm

Seems like a great argument in favor of electoral reform. Too bad Trudeau flipped on it, I had no intention of voting for him again after that. Lavalin/etc was just icing on the cake.

#3 Flop... on 10.07.19 at 4:47 pm

Not gonna watch the debate.

I trust you guys enough to give me an accurate portrayal.

This blog is Canada’s most trusted source for second hand information…

M45BC

#4 Armpit on 10.07.19 at 4:47 pm

Hey… I still have a stache like Dougie!

#5 Paddy on 10.07.19 at 4:50 pm

Totally cosmic bro…and furzt!

#6 Smoking Man on 10.07.19 at 5:10 pm

I’m calling Mad Max finishes 3rd.

T2 wins…

#7 Flop... on 10.07.19 at 5:20 pm

Here kiddie, kiddie, kiddie…

M45BC

“Budgeting for the Children: Where Does the Money Go?

How much of the federal budget is dedicated to helping children? From healthcare and nutrition to education and tax benefits, the United States government spends hundreds of billions of dollars on children.

● Federal spending on children is decreasing and recently hit a 10-year low.

● The majority of federal spending on children goes towards healthcare, including things like Medicaid and vaccinations.

● The United States’ interest payments on debt will soon surpass total federal spending on children.

● A large portion of federal spending on children comes from tax reductions, such as the child tax credit.

Top Categories for Federal Expenditures on Children

1. Health: $116.2 billion
2. Tax Reductions: $105.5 billion
3. Refundable Portions of Tax Credits: $72.7 billion
4. Nutrition: $57.2 billion
5. Income Security: $54.7 billion

Top Programs for Federal Expenditures on Children

1. Medicaid: $93.3 billion
2. Child Tax Credit (Nonrefundable): $54.9 billion
3. Earned Income Tax Credit: $52.1 billion
4. SNAP: $29.7 billion
5. Exclusion for Employee-Sponsored Health Insurance: $25.1 billion

In total, the United States government spent more than $484 billion on children in 2018, or about $6,200 per child under age 19, according to the report by the Urban Institute. The majority of this spending is dedicated to health costs and tax provisions.

While this may seem like a lot, it is actually lower than government expenditures on children in 2017 due to lower spending on education, nutrition, and child tax credits. Spending is expected to drop even more as the portion of the federal budget dedicated to children is expected to drop to 7.5% over the next decade. As child-related federal spending continues to decrease, the United States will soon be spending more on interest payments on debt than on children.”

https://howmuch.net/articles/us-federal-expenditures-children-2018

#8 Sovavia on 10.07.19 at 5:35 pm

Canada is headed toward a real estate recession; the winter of deleveraging discontent is upon us.

Tommy Douglas said it best: the electorate only cares about “what have you done lately for me?”

The correlation between house prices and interest rates does not last: look at Japan.

#9 Flop... on 10.07.19 at 5:39 pm

Hey WULLY, you are probably getting ready to head back to the Mac, so I just wanted to wish you good luck in the next chapter of your life.

If you get lonely I could come up and we could become business partners at a trading post selling goods from Tasmania.

Don’t worry, I’ve already got the name picked out.

The Tasmanian Taiga…

M45BC

#10 Damifino on 10.07.19 at 5:43 pm

All Jagmeet will do is bleed Lib support.

Yep. A noble thing.

All Max can hope for is to steal 2% from Scheer.

Yep. A foolish thing.

#11 conan on 10.07.19 at 5:44 pm

So they play Stars and Stripes when Andy enters the room?
Day O for JT?
Jag = eye of the tiger?
May= ?
Bernier = we don’t need another hero?

#12 AGuyInVancouver on 10.07.19 at 5:47 pm

I suspect Mad Max will do better than the 2% people tell pollsters, particularly if a Trudeau victory seems assured and righter-right wing deserts Scheer.

#13 Christina on 10.07.19 at 6:00 pm

DELETED

#14 Stan Brooks on 10.07.19 at 6:00 pm


#92 Tater on 10.07.19 at 11:34 am

If insuring mortgages was profitable it would not have been in the hands of the government, but privatized.

Where exactly do you live, in some parallel universe?

———————-

I live in the world where CMHC’s cumulative profits over the last 5 years is nearly $9 billion, you boob.

Please see my previous comment about allocating some of your computer time for learning.

Oh, and Genworth Canada, is a private mortgage insurer. I’ll leave it to you to figure out if they are profitable.

Genworth is backstopped/re-insured by the government.

You of course realize with all (two) of your brain cells what will happen to the lenders if it fails.

As for CHMC ‘profitability’, so (profitable) were AIG and Morgan Stanley with their CDO ‘insurance’ just before they failed….

So you better use those 2 remaining neurons to do some thinking

CHMC will be backed by your taxes, CPP and RRSP.
Cheers,

#15 Yoyoyoyo on 10.07.19 at 6:01 pm

Just Truedebt

#16 Rainman on 10.07.19 at 6:03 pm

The National Law Party would have a great chance of winning this year… what a great finally to that video. Garth – you should make a video like that and run again??

#17 I think I will throw up ... on 10.07.19 at 6:06 pm

tonight.

#18 Capt. Serious on 10.07.19 at 6:14 pm

Gonna watch some playoff baseball instead of the debate. I will come back later for the hearsay!

#19 MF on 10.07.19 at 6:37 pm

-Scheer first place by a small margin.

-T2 on the defensive the whole time.

-Mad max making outlandish claims. Falling in support.

-NDP losing to bloc and greens.

There you have it.

MF

#20 leebow on 10.07.19 at 6:39 pm

Those natural law guys were right on the money.

There could be other ways for the market to bring itself back into the affordable range. May be we are not even aware of the reasons and events that will do it.

One more possibility is that the bubble will pop as soon as profits vanish. There must be a price level where people don’t expect to profit anymore. Since the cost of carry is so high, it only makes sense to sell if the hope for profit is gone.

Next threat to the demand is that people will go back to multi-generational households. It’s been a norm for most of history for children, parents and grandchildren to share dwellings. The economic expansion required and permitted a higher level of mobility. May be that will change. We already observe atypical attachment to parents’ home range in millenials.

Overall, housing is expensive in most of the developed countries. Imagine the general inflation level if the money was not sunk into real estate. Imagine what would happen to the stock market if people were saving and investing those extra 2-3K / mo that they pay for their mortgages now. But that time will come and people will have to play catch up.

Most importantly, think of the stability that 70% RE ownership adds to the society. I’m surprised cons are not making ads with the “Your house? No, OUR house” line.

For ex, a millenial couple comes home to their 600 sq ft condo. Justin and Jagmeet are already there playing beer pong. Mills scream “Get out of our condo”. Justin asks Jag “Their condo?” Jag responds “OUR condo”. Narrator: “Liberal Party of Canada. Just sign on the line”

Lenin would commit a suicide if he was tasked with organizing a bolshevik revolt here.

#21 Trojan House on 10.07.19 at 6:41 pm

The debate doesn’t matter to me – not going to vote anyway. Nothing to vote for.

Besides “if voting mattered, they wouldn’t let us do it.” – Albert Einstein.

#22 Sydneysider on 10.07.19 at 6:44 pm

Singapore after independence built homes (apartments) on a massive scale that this country can only dream about. They were affordable too, until the 1990s when people were allowed to dip into their CPF pension savings to buy them. For example, prices for 3 room flats went from 40K to 200K between 1990 and 1997.

https://www.teoalida.com/singapore/databases/HDB-Average-Resale-Flat-Prices-by-Flat-Type.png

Incidentally, those prices are for 100 year leases, not freehold.

#23 AB Boxster on 10.07.19 at 6:52 pm

Rumour has it that Justin will kick off the festivities with a heart pounding version of ‘Mammy’ in full black face.

It’s going to be one heck of a spectacle.

#24 IHCTD9 on 10.07.19 at 6:53 pm

#130 yvr_lurker on 10.07.19 at 5:08 pm

“What happens when due to a previous accident no private insurer is willing to offer insurance? Well I guess you are out of luck.”

Ah, no. You go on facility. Facility rates in Ontario would look pretty decent to a first time driver from BC.

“Junking ICBC in favour of privatization is not what I would want to see. A whole set of new problems would emerge.”

Yeah, like you might be forced to pay 650.00/yr for insurance instead of 3 grand.

Heaven forbid.

#25 jess on 10.07.19 at 6:59 pm

Andrew Roth in Kyiv

Tue 1 Oct 2019 19.18 BST
Ukraine investigates prosecutor who gave Giuliani information on Biden

Investigation into Yuriy Lutsenko opened at the request of a lawmaker in the Ukrainian president’s party

#26 Parksville Prankster on 10.07.19 at 7:01 pm

As Doug Henning used to say, “The world is FULL of magic; Magic and illusion” I guess the same could be said about politics.

#27 BlogDog123 on 10.07.19 at 7:02 pm

A big regret of mine is missing out when the Natural Law Party came to town in 1993…

The folks I know who saw it said the room erupted in laughter as leader Neil Paterson had his team demonstrating yogic flying…

When I got there late, the room was empty and I felt I missed out on all the fun…

#28 Long-Time Lurker on 10.07.19 at 7:07 pm

GE to freeze, pre-pay pensions to save up to $8 billion, cut debt
Reuters
By Alwyn Scott and Ankit Ajmera
October 7, 2019

By Alwyn Scott and Ankit Ajmera

(Reuters) – General Electric Co said on Monday it would freeze pensions for about 20,000 salaried U.S. employees and take other related moves to help the ailing conglomerate cut debt and reduce its retirement fund deficit by up to $8 billion.

Analysts said the move would largely offset the rise in GE’s pension obligations due to lower interest rates and was in line with other steps Chief Executive Officer Larry Culp has taken over the past year to raise cash and pare down $105.8 billion in debt.

Culp has slashed GE’s quarterly dividend to a penny and has sold – or announced plans to sell – non-core businesses, slimming the once-sprawling company to focus just on power plants, jet engines and windmills, plus related equipment and services.

GE’s pension plans are among its biggest liabilities and were underfunded by about $27 billion at the end of 2018. U.S. employees facing the pension freeze will be moved to a defined-contribution retirement plan, such as a 401(k) plan, in 2021….

https://news.yahoo.com/ge-freeze-pension-plans-20-104420871.html

#29 The real Kip (Ret) on 10.07.19 at 7:08 pm

Let’s see. I could watch a nationally important election debate or the hockey game. Go Leafs Go!

#30 Long-Time Lurker on 10.07.19 at 7:12 pm

Mario Draghi Leaves a Toxic ECB Legacy for Bankers
Bloomberg
Marcus Ashworth
October 6, 2019

(Bloomberg Opinion) — Mario Draghi, the departing head of the European Central Bank, has been buffing up his “savior of the euro” image in a swansong series of interviews. But not everyone is standing up to applaud.

Echoing many of his less-than-impressed fellow Germans, the chief executive officer of insurer Allianz SE laid into both the ECB and Draghi last week. “The politicians and the regulators have told us they fixed the banking system and insurance system in terms of this negative spiral of financial sector risk morphing into sovereign risk and [looping] back,” Oliver Baete said. “It is the biggest non-truth that exists.”

Coming from the boss of Germany’s pre-eminent commercial financial institution, that’s a stinging judgment. What seems to have riled him most is any implication that there is no reason to worry about national commercial lenders holding too much of their country’s sovereign debt, and the resulting potential for market contagion if a bank (or a sovereign) gets into trouble….

https://news.yahoo.com/mario-draghi-leaves-toxic-ecb-060018517.html

#31 IHCTD9 on 10.07.19 at 7:13 pm

#11 conan on 10.07.19 at 5:44 pm
So they play Stars and Stripes when Andy enters the room?
Day O for JT?
Jag = eye of the tiger?
May= ?
Bernier = we don’t need another hero
——-

Scheer – “Money for nothing”
JT – “Can I sit next to you girl?”
Jag – “Take this job and shove it”
May – “Everybody wants to save the World”
Bernier – “Take a chance on me”

#32 Tater on 10.07.19 at 7:17 pm

#14 Stan Brooks on 10.07.19 at 6:00 pm

#92 Tater on 10.07.19 at 11:34 am

If insuring mortgages was profitable it would not have been in the hands of the government, but privatized.

Where exactly do you live, in some parallel universe?

———————-

I live in the world where CMHC’s cumulative profits over the last 5 years is nearly $9 billion, you boob.

Please see my previous comment about allocating some of your computer time for learning.

Oh, and Genworth Canada, is a private mortgage insurer. I’ll leave it to you to figure out if they are profitable.

Genworth is backstopped/re-insured by the government.

You of course realize with all (two) of your brain cells what will happen to the lenders if it fails.

As for CHMC ‘profitability’, so (profitable) were AIG and Morgan Stanley with their CDO ‘insurance’ just before they failed….

So you better use those 2 remaining neurons to do some thinking

CHMC will be backed by your taxes, CPP and RRSP.
Cheers,

————————————

Another post and another beclowning of yourself. Your hit rate is quite impressive Stan!

To sum up thus far, first you claimed the mortgages insured by CMHC are subprime, when given evidence that they aren’t, you said that CMHC isn’t profitable. When shown it was, you jumped to AIG and Morgan Stanley and CDOs.

Good job on regurgitating a couple of GFC buzzwords, but unfortunately they have nothing to do with CMHC and the mortgage insurance they issue.

I could go into some detail about why insuring an actual home, used as shelter, by a homeowner, with an average LTV of 30 ish percent is not at all like offering insurance on a leveraged derivative that is itself an abstraction of a stream of payments on a variety of mortgages, backed by individuals who have limited assets, very high LTV and the ability to simply walk away. But I suspect it would be like explaining decent behaviour to my dog. You’d cock your head to the side and pretend to be following along, but after a few minutes you’d go right back to licking yourself in front of company.

You complete numpty.

#33 Dave on 10.07.19 at 7:18 pm

Politicians should just ban foreign ownership. THen the problem would be fixed overnight and you know this.

#34 Lost...but not leased on 10.07.19 at 7:20 pm

Anyone been to Bernier speech?

I have…

His problem ?
….. is he makes too much sense,…. not into Political Correctness, and wants to treat everyone equally…no special interest groups.

Oh well…he tried…
Canada has been flushhh since T1

#35 Ray Skunk on 10.07.19 at 7:31 pm

We know the Buffalo Chronicle isn’t the most credible news outlet in the world – but hey, it’s a start…

https://buffalochronicle.com/2019/10/07/trudeau-is-rumored-to-be-in-talks-with-an-accusor-to-suppress-an-explosive-sex-scandal-that-may-force-him-from-office/

Now let’s see if the G&M can get their legal ducks in a row and sort it out.

#36 suburban coyote and pup on 10.07.19 at 7:48 pm

#22 AB Boxter

LMAO!!

#37 Joker on 10.07.19 at 7:54 pm

Scheer is going to lose the election. Trudeau will be with us for another while with a minority government. Max will pick up votes throughout the country but this won’t lead to many seats.

Scheer is just too boring. I don’t think that style of boomer economic conservatism works in the age of Trump.

#38 NFN_NLN on 10.07.19 at 8:09 pm

#6 Smoking Man on 10.07.19 at 5:10 pm
I’m calling Mad Max finishes 3rd.

T2 wins…

—-

Is there a site where you can bet money on who will win. I would like to bet on Trudeau. That way if he wins, I’ll have enough cash to offset my carbon tax. And if he loses… even better.

#39 Nonplused on 10.07.19 at 8:12 pm

All of these market problems would go away if civic authorities just stopped making it so hard to re-purpose land. They don’t want to do that though or the mill rate on their property taxes would have to go up. Also they would lose campaign donations from developers.

There is no reason why everybody in Calgary couldn’t live within walking distance of an LRT station or the belt-line. But that if allowed would provide substantial competition to the developers who own land that is distant from the core, and also have a quasi-monopoly over it since they bought out the farmers years ago. So the politicians get bought off, houses are built where nobody in their right mind would want to live, and the high-rises don’t get built even if there is an LRT station right there.

The real cause of the housing crises is not anything the federal government or the central bank is doing, and it is nothing either of them can fix. It is the civic governments that are causing the problem, and they have a vested interest in doing so. Just go to Houston and look around carefully and you will understand the problem. For the price of a slanty 2 story on a 25 foot lot in Calgary, you can get a 60 foot lot with a swimming pool and outdoor kitchen in Houston. Why? They don’t have any zoning laws. If you own land in or around Houston, you can pretty much do with it whatever you want. Thus, no housing bubble. And the population is 4 times that of Calgary.

Zoning laws are the root cause of the problem. This is something the federal government and the central bank cannot fix no matter what they do. Well maybe the federal government could by abolishing zoning laws. If they did that, the problem would go away in about 3 years, and accommodation would cost about what it cost to build it.

#40 dosouth on 10.07.19 at 8:18 pm

Wow what a noisy, I get my turn now please, you shut up debate. Not one I would vote for, not one.

(That means I can complain about all or nothing….)

#41 Tony on 10.07.19 at 8:20 pm

The market is the truth. The truth always prevails.

To this add that like everything in the world, interest rates revert to the norm. For Canadians, that means around 8 to 10 percent.

Prices are going to drop. A lot.

#42 SoggyShorts on 10.07.19 at 8:22 pm

#32 Tater on 10.07.19 at 7:17 pm

You’re killin it Tater, keep up the great work

#43 marcus on 10.07.19 at 8:25 pm

Watching the non debate debate. Garth is right …….. Canada is pooched. What a shit show. Invest accordingly.

#44 Yukon Elvis on 10.07.19 at 8:28 pm

#35 Ray Skunk on 10.07.19 at 7:31 pm
We know the Buffalo Chronicle isn’t the most credible news outlet in the world – but hey, it’s a start…

https://buffalochronicle.com/2019/10/07/trudeau-is-rumored-to-be-in-talks-with-an-accusor-to-suppress-an-explosive-sex-scandal-that-may-force-him-from-office/
Now let’s see if the G&M can get their legal ducks in a row and sort it out.
………………………….

Good find. I wonder why he is pointing a gun at that lady’s head.

#45 Nonplused on 10.07.19 at 8:29 pm

DELETED

#46 marcus on 10.07.19 at 8:32 pm

These people are such idiots! Such small potato issues they are debating. Quebec ….. get out while you can. Just remember that the Hydro utilities are on Native land. I wonder what socks JT wore?

#47 Upenuff on 10.07.19 at 8:34 pm

Hard to watch a debate when the media referees cannot even get a grip on protocol…… this is just a sad state of affairs and extremely hard to view and swallow…..

#48 marcus on 10.07.19 at 8:39 pm

Bwahahahahahahaha! This dolt from NB just said that this is the last election before the “point of no return” w/r/t the environment. What the hell are you teaching these kids in Canada now? This is total brain washing!!!! OMG that is so funny!!

#49 Yukon Elvis on 10.07.19 at 8:43 pm

#41 Tony on 10.07.19 at 8:20 pm
The market is the truth. The truth always prevails.

To this add that like everything in the world, interest rates revert to the norm. For Canadians, that means around 8 to 10 percent.

Prices are going to drop. A lot.
…………………..

Not gonna happen. Forget about history. The world changed after the GFC in 2008/9. Low rates are here to stay. Tell your children.

#50 Yukon Elvis on 10.07.19 at 8:46 pm

#48 marcus on 10.07.19 at 8:39 pm
Bwahahahahahahaha! This dolt from NB just said that this is the last election before the “point of no return” w/r/t the environment. What the hell are you teaching these kids in Canada now? This is total brain washing!!!! OMG that is so funny!!
……………………………..

It is funny, but low information and low IQ voters are buying it. That is the scary part.

#51 marcus on 10.07.19 at 8:50 pm

“How dare you!” The Greta force is strong in these idiots. LOL!!!! Canada is insignificant regarding World wide pollution. Emissions, and plastic. thise are the biggies. Canada and America are clean clean clean as compared to China. I have not heard these idiots say the name China even once. This is a farce!

#52 Chris on 10.07.19 at 8:55 pm

#35 The Buffalo Chronicle? Why don’t you just post something from the Weekly World News, you’ll have more credibility.

#53 marcus on 10.07.19 at 9:02 pm

THAT is the best Canada has to offer in 2019? Wow ……. I am speechless.

#54 Reality on 10.07.19 at 9:05 pm

Canada could adopt the most stringent environmental regulations. Shut down the oil sands and ban all plastics.

It wouldn’t matter.

We have 37,000,000 people
China has 1,400,000,000
India has 1,339,000,000
Asia as a whole has 4,463,000,000

These are the countries that have been growing at double digit percentages while we’ve scraped by on a couple. Don’t expect them to hinder themselves economically in any way.

#55 MF on 10.07.19 at 9:07 pm

53 marcus on 10.07.19 at

Since you have such a great grasp of what Canada needs, why didn’t you run for office?

Easy to sit on the sidelines and criticize though.

MF

#56 oh bouy on 10.07.19 at 9:11 pm

#21 Trojan House on 10.07.19 at 6:41 pm
The debate doesn’t matter to me – not going to vote anyway. Nothing to vote for.

Besides “if voting mattered, they wouldn’t let us do it.” – Albert Einstein.

_____________________________________

ya I believe mark twain said that

#57 Shawn Allen on 10.07.19 at 9:14 pm

The debate

hmmm having listened to most of it now

Not sure I would be comfortable directly voting for any of them. Most of them evaded a number of questions. All have at least one major policy that I would not approve of. Luckily my local MP has done a good job and will get my vote.

Then again, our local MP is a shoo-in so maybe I am better to cast my vote to another party to convey a message of (albeit lukewarm) support.

#58 Shawn Allen on 10.07.19 at 9:19 pm

Human-Caused Climate Change?

I believe that support for this view and for action on this matter has already reached a tipping point. And I believe that resistance is now futile and will increasingly be met with a hostile reaction.

#59 conan on 10.07.19 at 9:25 pm

#38 NFN_NLN on 10.07.19 at 8:09 pm

“Is there a site where you can bet money on who will win.”

Just google Canadian Election Betting odds.
The off shore peeps favor Scheer to be next Prime Minister.

I think JT gets the PM if its a minority government. So I would be betting JT. You can double your money if you can get the current odds.

#60 oh bouy on 10.07.19 at 9:25 pm

#12 AGuyInVancouver on 10.07.19 at 5:47 pm
I suspect Mad Max will do better than the 2% people tell pollsters, particularly if a Trudeau victory seems assured and righter-right wing deserts Scheer.
___________________________________

truth. for what it’s worth peoples party candidate signs far out number PC signs in my etobicoke hood.

#61 crowdedelevatorfartz on 10.07.19 at 9:35 pm

@#54 Reality
“Canada could adopt the most stringent environmental regulations. Shut down the oil sands and ban all plastics.

It wouldn’t matter.”

*******

True that.
Canada is irrelevant on a global scale.

Researchers on a remote Pacific island chosen for it’s location ….have found an alarming increase in Chinese plastic pollution……

https://www.bbc.com/news/science-environment-49885220

#62 the Jaguar on 10.07.19 at 9:41 pm

More flotsam and jetsam from the cheap seats:

-What were all the black suits and black ties about? ( Scheer and Bernier aside).

May wins for most likeable and genuine, even though I agree with none of her views.

Scheer was born in Ottawa, but everything about him screams Saskatchewan ( don’t get me started on those people). Too bad he stepped off the pedestal with the blackface comments. A significant error. He should have left that spanking in the hands of the media where it belongs.

Bernier was the most nervous. Quite the live wire. Probably the most interesting one to curl up in a booth with a cocktail for a late night discussion of his views and their foundation. He’s toast, of course.

Singh spoke most appealingly to the youth who may have tuned in if they looked up from their cell phones. ‘Love me for my diversity’, he said. I get it, but we need real solutions to real problems and while he is well intentioned I don’t see leadership or deep intellect on display.

Blanchette was fun. God, I love french Canadians. Vive le Quebec for your pride and sanctimony. Showing up on a wing and prayer to represent the great nation of Quebec. It’s not a party if you don’t attend.

Slickest, with best hair and makeup, composure with stage presence of course goes to our dear leader. Not exactly a surprise given my instincts that he is hiding something….There’s never been anyone as handsome to represent a country that desperately seeks attention and acceptance from the rest of the world.

Why can’t we be like the Norwegians who don’t need applause and accolades because they just bloody well know how first rate they are.

#63 WUL on 10.07.19 at 9:59 pm

FLOP:

Thank you for your kind well wishes. In a matter of days I will be back north in Fort Mac.

There is already a connection between Ft. Mac and Tasmania but I expect you know it because it was probably on your Canadian Citizenship test.

In ~ 1822, Sir John Franklin travelled overland then down the Clearwater River to the Athabasca River then found his way to the Coppermine River and on to the Arctic Coast where he mapped about 600 miles on foot.

Fort Mac sits at the confluence of the Clearwater and the Athabasca. So Franklin trod within a few hundred metres of my office up there.

Now the connection to Tasmania.

Later Franklin became the Governor of Van Diemen’s Land (first travelled to by a European, namely the Dutch explorer Abel Tasman) as it was known before being called Tasmania.

Franklin served as Governor between 1837 and 1843 before his 1845 ill fated Arctic expedition on the Terror and the Erebus.

If memory serves, Lady Jane Franklin HATED Tasmania.

#64 reynolds531 on 10.07.19 at 9:59 pm

Tip for tater….

You might be brilliant, completely correct, even a shining beacon of economic wisdom. But if your just going to insult people and call them names then you undermine yourself.

#65 Shawn Allen on 10.07.19 at 10:01 pm

The We myth

#54 Reality on 10.07.19 at 9:05 pm
Canada could adopt the most stringent environmental regulations. Shut down the oil sands and ban all plastics.

It wouldn’t matter.

We have 37,000,000 people

****************************
Let’s stop with this nonsense that “we” are all on team Canada and compete against team China etc.

People are individuals and are on team numero uno. There is no collective team Canada. Do your own part to spew less carbon or at least willingly pay the carbon tax to spew.

To the extent we are all on one team when it comes to climate it is more like team earth. Team humanity. Do your own part.

Canadians as a collective emit more per capita than Asians you can bet on that.

This global problem requires global action. Like it or not.

This irrelevant fact that “Canada is only 2%” of emissions or whatever is the equivalent Smoking Man pissing in the pool at the swim up bar and figuring just one pisser won’t cause much harm especially if he suspects many others in the pool are doing the same. I think Smoking Man has admitted to or at least alluded to as much. Take personal responsibility.

#66 acdel on 10.07.19 at 10:05 pm

#7 Flop…

Sadly the same thing is going to happen or currently happening in Canada; another socialist government elected will destroy the future of our youths. Pay,pay,pay, and for what?

#67 baloney Sandwitch on 10.07.19 at 10:06 pm

What is the alternative? Trump Land? No thanks.

#68 acdel on 10.07.19 at 10:16 pm

#65 Shawn Allen

Enough with the rhetoric; Canadians do more and have done more than most countries. For once we should be appreciated by the world on what we have done instead of reading posts like yours which are completely inaccurate, here’s a thought post your opinions to the countries that could give a crap and see what happens; like seriously enough already!! Grow Up!!!

#69 Bytor the Snow Dog on 10.07.19 at 10:17 pm

#31 IHCTD9 on 10.07.19 at 7:13 pm sez:

Scheer – “Money for nothing”
JT – “Can I sit next to you girl?”
Jag – “Take this job and shove it”
May – “Everybody wants to save the World”
Bernier – “Take a chance on me”
———————————————————

I don’t care who you are this is a quality post right here. Couldn’t have done it better.

#70 JSS on 10.07.19 at 10:18 pm

From the debate, I’d say that Trudeau will be the next prime minister.

#71 Bytor the Snow Dog on 10.07.19 at 10:19 pm

#34 Lost…but not leased on 10.07.19 at 7:20 pm SEZ:

“Anyone been to Bernier speech?

I have…

His problem ?
….. is he makes too much sense,…. not into Political Correctness, and wants to treat everyone equally…no special interest groups.

Oh well…he tried…
Canada has been flushhh since T1”
—————————————————
Equality as it should be. Not “equity” like the feminists and other special grievance groups want.

#72 acdel on 10.07.19 at 10:21 pm

After watching the debates; which was actually comical.

This is a question for anyone out there that owns, runs
a business or is an important decision maker within it!

Would anyone of you hire Justin Trudeau to run your company;? If yes, please say why; if not same thing!

It will be a great educational answer for all, thank you!

#73 Sebee on 10.07.19 at 10:26 pm

Such limited options Garth. Just (a) and (b)?

I think there is a (c)

(c) CMHC mortgage insurance down to $400K or do away with CMHC all together to let the banks carry the risks. That would quickly change the cost of money.

#74 AB on 10.07.19 at 11:06 pm

Juniors alleged sex scandal at Point Grey is in the Buffalo Chronicle. His lawyers couldn’t squash the story in the USA.

#75 JustWondering on 10.07.19 at 11:25 pm

Since we’re talking about the government and housing prices, I thought I’d just throw this question out there for a future blog. If the price of houses in Toronto has tripled in the last 15 years, how come the CPI which includes housing has only gone up about 30 percent?

#76 Alex on 10.08.19 at 12:00 am

off topic, why do China and Russia keep loading up on gold, to potentially back up new currency and bring down the USD? Any smart thoughts?

#77 Where's The Money Greedope? on 10.08.19 at 12:10 am

DELETED

#78 DON on 10.08.19 at 12:17 am

https://www.bostonglobe.com/news/politics/2019/10/07/trump-refers-his-own-great-and-unmatched-wisdom-tweet-targeting-turkey/hawLPi7hoZCT8Zk3b9qbZM/story.html

Anyone see a problem here…

‘Unmatched wisdom’****ah ha ha ha ah ha ha ah ah haa haaaa haaaa – You gotta love April fools day a tad bit early though.

U can’t make this shit up! ‘Unmatched Wisdom’ ah ha ha ha ha ha ha ha.

#79 DON on 10.08.19 at 12:20 am

#69 Bytor the Snow Dog on 10.07.19 at 10:17 pm

#31 IHCTD9 on 10.07.19 at 7:13 pm sez:

Scheer – “Money for nothing”
JT – “Can I sit next to you girl?”
Jag – “Take this job and shove it”
May – “Everybody wants to save the World”
Bernier – “Take a chance on me”
———————————————————

I don’t care who you are this is a quality post right here. Couldn’t have done it better.
****************
Nicely done.

#80 DON on 10.08.19 at 12:29 am

#62 the Jaguar on 10.07.19 at 9:41 pm

…Why can’t we be like the Norwegians who don’t need applause and accolades because they just bloody well know how first rate they are.
**************
Agreed…more doers and less shit talkers. We need leadership and vision to make the next leap forward (whatever that maybe). We need to change the playing field and put some rules in place to assure the democratic spirit is followed and not the devious party line.

#81 Smoking Man on 10.08.19 at 12:40 am

After watching the debate, Mad Max just not Trump enough.

Andrew is going to win in a land slide. T2 showed fakeness and weakness.

His body language was that of cheating spouse who knows a private eye has the goods on him and he’s just waiting, knowing it’s coming. Just not when..

#82 NoName on 10.08.19 at 12:58 am

#65 Shawn Allen on 10.07.19 at 10:01 pm

Do your own part to spew less carbon or at least willingly pay the carbon tax to spew.

What are you telling us that you are going vegan ???

For just in case that you are, here are few recipes, I consider blody mary/ceaser food anyways, but just between you and me that farmers doter and buerfly below looks tasty.

https://www.vegansociety.com/whats-new/blog/top-ten-vegan-wonder-cocktails

#83 Smoking Man on 10.08.19 at 1:33 am

DELETED

#84 G on 10.08.19 at 1:34 am

Before the debate T2 wasn’t an option for me this time round, and still isn’t. I did learn he has two jets that burn lots of gas! Maybe the PC, but I also wanted to hear what the Green and NDP had to say. The exchange of all ideas is health to hear at least. I did lean the NDP doesn’t feel the same, as far as Max was concerned. If there was a way to easily stop using oil, gas, coal for energy needs it would happen, yes some alternatives and improvements are coming on line, but I don’t see the alternatives that is able to replace all the energy that comes from oil today. Maybe tomorrow, but we are not there yet, I wish it wasn’t so.
After watching the debate.
I learned I want to have a look at PPC web site to see what it actually has posted on their Party platform.
I hadn’t given the PPC any thought before today.
But because I heard Max say he would balance the budget in two years without reducing services much but by stopping hand out to Corporations. And wants to keep government from growing even bigger than it is now. Government over spending is just future taxes.
Then after the budget is balanced he’d reduce taxes for all, including lower businesses tax.
I like the line he used ‘the Canadian credit card is at the limit, or was it maxed out’. He’s the only one that wants government to spend less. He seems to understand that our standard of living is connected to what products and materials we can sell to the world.
On the PPC site I notices he wants to protect free speech, not hate speech, but free speech.
I just had a very quick look at the PPC site. I’ll need to go back to look at it in more detail before I vote.

#85 Al on 10.08.19 at 1:43 am

Not sure why people even bring this up as an argument. Abstracting away responsibility for your or a groups actions using the everyone else, or other larger groups is/ are doing it excuse. Yet you get intelligent people repeating this. Incredible.

#86 Lupe Garou on 10.08.19 at 3:18 am

#44 Yukon Elvis on 10.07.19 at 8:28 pm
“… I wonder why he is pointing a gun at that lady’s head.”

I believe the photo is staged to look like a James Bond movie promo.

—–

#11 conan

May – Pave Paradise, Joni Mitchell

—–

Garth – I might actually vote in this election. I am actually getting caught up in the excitement. This will be a big step for someone who is clinically apathetic.

#87 Stan Brooks on 10.08.19 at 4:41 am

#32 Tater on 10.07.19 at 7:17 pm

Relax or you can get a stroke with all that passion/and little brain.

CHMC insures primarily high-to-moderate ratio mortgages

low ratio are prime,
high ratio are subprime

Canadian consumers and borrowers are leveraged to the eyeballs.

High and moderate-to high ratio mortgages are subprime. This is why it needs insurance.

Low ration are not even though with these house prices some of them are risk.

CHMC is ‘profitable’ so far, so were AIG and Morgan Stanley. In long term there portfolio if not backed by policies but by market is a basket case.

It is all based on the timeline. profitable today, tomorrow bankrupt. expand your time horizon.

Of course policies will not allow CMHC to fail. We all will just experience horrible inflation as a result while wages are stagnant.

If you are so found of CHMC let’s ‘insure’ all the mortgages in the world, make 100 times the profit CHMC has now and pay the national debt!

BTW CDOs/synthetic CDOs were a mild version of CHMC.

When it blows….

Cheers,

#88 jess on 10.08.19 at 6:30 am

debates need real time fact checking ! ARe third party checkers enough?

https://www.cbc.ca/news/politics/the-conservatives-misleading-claims-about-a-secret-liberal-housing-tax-1.5312873

The claim: Justin Trudeau has a “secret plan to implement a tax on up to 50% of the profits on the sale of your home.”

— The Conservatives repeat a claim they have been making for weeks, via a new attack website,

verdict : false

along with these ” reporters”

https://pressprogress.ca/journalists-across-canada-are-alarmed-by-the-toronto-suns-hate-mongering-and-conspiracy-theories/

https://factcheck.afp.com/
https://www.poynter.org/fact-checking/2018/heres-what-the-afp-learned-from-expanding-its-fact-checking-team-to-13-countries-in-one-year/

#89 Steve French on 10.08.19 at 7:04 am

Wonder what sort of wrigglies would come out if we lifted the rock up on some of the blog dog posters to this Greaterfool site.

“Show me the man and I’ll show you the crime”
– Lavrentiy Beria

#90 NoName on 10.08.19 at 7:05 am

Norway that uber green wehicle country, 50% of exports is oil and gas…

https://www.regjeringen.no/en/dokumenter/Business-and-industry-in-Norway—The-structure-of-the-Norwegian-economy/id419326/

#91 NoName on 10.08.19 at 7:11 am

Addendum to earlier post, probably more up to date. Nice carpet visualization.

https://oec.world/en/profile/country/nor/

I promise next year comes, I won’t miss spell anything, correct spelling and grammar or I don’t click send.

#92 MF on 10.08.19 at 7:12 am

#81 Smoking Man on 10.08.19 at 12:40 am

Yup.

Mr Scheer will be the next PM. Exactly as I predicted here yesterday.

-Trudeau looked uncomfortable and defensive.
-Scheer looked PM like
-May and Singh just tried to one-up themselves in handouts and taxes.
-The Quebec guy was only for Quebec. In Quebec any votes he gets will be at the expense of the Liberals anyways.
-Bernier’s platform is unpalatable for 99.999% of Canadians and a none-factor as a result.

MF

#93 James on 10.08.19 at 7:34 am

That debate was even worse than this comments section!

X NONE OF THE ABOVE

#94 Westcdn on 10.08.19 at 8:09 am

I know I can have weird ideas. There are comments in the steerage section I think are gold and balance me. Keep it coming and warm Garth’s feet to the fire. God help us if we all think the same. Seldom am I current on the topic de jour. Real estate is Garth’s pony show. It leaves me cold.

I tend to drift several days behind so forgive me for being out of the loop. I am trying to be an add. I sleep weird hours.

#95 maxx on 10.08.19 at 8:15 am

@ #19 MF

Pretty close!

-“Scheer first place by a small margin.”
Wider, much wider. He did very well and came into the ring ready. He has another side to his demeanor which outclassed Trudeau by light years.

-“T2 on the defensive the whole time”
Absolutely. He clumsily avoided responding to questions and challenges by raising his voice and characteristically regurgitating what he was previously spoon-fed. In short, he got completely and utterly shredded….by all participants.

Not a verbal boxer, by any stretch of the imagination.

-“Mad max making outlandish claims. Falling in support.” Yup. Max was on his back foot.

-“NDP losing to bloc and greens.”
Not at all. Jagmeet was very adept, on point with all issues and challenges, connected really well with viewers and injected a bit of genuine humour into the mix.

And……

– Bloc…….didn’t do Quebec ANY favours. Du Tout.

#96 TurnerNation on 10.08.19 at 8:16 am

Anyone own a house here? As 1st World countries get wound down. As I always say, 1st World countries get economically bom’d. 2nd and 3rd ones just get bom’d.

Our governements can end poverty, win that war on drugs, and change the climate! Let’s dial it back to a time when ice existed between Russia and Alaska. Our goverments can control the wea…err climate now. (Wait is that a step into weather modification/warfare? Not this blog. Beyond my pay grade)

“The Globe and Mail reports in its Tuesday, Oct. 8, edition that the largest pension fund in Norway has removed four Canadian energy names from its investment list. A Canadian Press dispatch to The Globe reports that KLP says it sold $58-million (U.S.) worth of stocks and bonds as it reduces its tolerance threshold for companies with interests in the oil sands from 30 per cent to 5 per cent, matching its limit for coal investments. The fund says it will now exclude Calgary-based Cenovus Energy, Suncor Energy, Imperial Oil and Husky Energy from investment consideration, along with Russia-based Tatneft PAO. Shares in all four companies have fallen since a year ago as growth outstripped pipeline capacity, leading to steep price discounts and legislated production curtailments in Alberta. Greenpeace Canada’s Keith Stewart says institutional investors are continuing to abandon high-carbon investments because they “can see where the puck is heading.”In a news release, the Norwegian fund, which administers more than $81-billion (U.S.) in assets, says a full exit from the oil sands is “great news” for customers because that activity is not aligned with a two-degree Celsius global warming target.
© 2019 Canjex Publishing Ltd. All rights reserved.”


As wags note, where was the CDN flag during the debate? Trick question. We are a post national UN State. TV shot:
http://magaimg.net/img/9546.jpg

#97 crowdedelevatorfartz on 10.08.19 at 8:21 am

@#52 Chris
“#35 The Buffalo Chronicle? Why don’t you just post something from the Weekly World News, you’ll have more credibility.”
+++++

Yep.
The National Enquirer will win a Pulitzer long before the Boofalow Comical posts anything verifiable.

The Buffalo Chronicle …an internet spew site.

#98 Tater on 10.08.19 at 8:23 am

Stan – you couldn’t be more wrong about mortgage insurance. The insurance CMHC issues has a limit, they can’t insure mortgages that don’t exist. The CDO and CDS markets had no limits. Billions of dollars could be bet on a single 100mm tranche of a mortgage bond. Through CDS, synthetic CDOs could be created that dramatically ramped up exposure to the housing market.

In 2007 there was 5 trillion in synthetic CDOs outstanding, based on CDOs of about 300 billion. That’s a leverage factor of 16x. CMHC has not insured 16x the value of mortgages in Canada. And none of this includes the CDS contracts that traded on top of the sumynthetic CDOs.

#99 Tater on 10.08.19 at 8:25 am

#64 reynolds531 on 10.07.19 at 9:59 pm
Tip for tater….

You might be brilliant, completely correct, even a shining beacon of economic wisdom. But if your just going to insult people and call them names then you undermine yourself.

————————————
I treat people with the respect they deserve. Stan is massively ignorant and rude, so he gets none.

#100 crowdedelevatorfartz on 10.08.19 at 8:32 am

@#93 James
“That debate was even worse than this comments section!”
++++

hey hey HEY!
No need to get nasty.

Speaking of nasty.
When Turkey invades Syria and the EU complains…..will Turkey unleash ten’s of thousands of refugees to head north?

https://www.reuters.com/article/us-europe-migrants-ministers/germany-warns-of-repeat-of-2015-migrant-influx-into-eu-idUSKBN1WN16N

I’m thinking Germany wont accept another one million refugees but then…… there’s always France…….

https://www.reuters.com/article/us-france-security-victims-macron/france-needs-society-of-vigilance-against-islamist-hydra-macron-idUSKBN1WN168

maybe not.

Will Brexit England have its border patrols up on Nov 1st?

#101 OhCanadaIweep on 10.08.19 at 8:44 am

DELETED

#102 Tony on 10.08.19 at 8:44 am

Re: #38 NFN_NLN on 10.07.19 at 8:09 pm

I’ve got Trudeau winning by a landslide majority. Of course I won’t be voting for him.

#103 Penny Henny on 10.08.19 at 9:12 am

#6 Smoking Man on 10.07.19 at 5:10 pm
I’m calling Mad Max finishes 3rd.

T2 wins…
//////////////

I think the sun is getting to your head, better start wearing a hat

#104 Penny Henny on 10.08.19 at 9:15 am

#11 conan on 10.07.19 at 5:44 pm
So they play Stars and Stripes when Andy enters the room?
Day O for JT?
Jag = eye of the tiger?
May= ?
Bernier = we don’t need another hero?
////////////////

May= Dizzy Miss Lizzy

https://www.youtube.com/watch?v=xYBx5_p8r_o

#105 Penny Henny on 10.08.19 at 9:28 am

Re- Election Debate

through my biased eyes this is what I saw.

Scheer did a great job of not smiling too much and generally looking serious. Best line of the night was when he told Justin he should run to be the next leader of the Ontario Provincial Liberals since he is so obsessed with Ford.
Singh I thought did a good job of bleeding support from the Liberals, though I thought he said “Justin says nice things” too much.
Trudeau when off his talking points was very weak.

Biased? I know.

#106 G on 10.08.19 at 9:30 am

Hi #96 TN, re: lack of a Canadian Flag

Thanks for pointing out the lack of a Canadian Flag. What’s with that anyway!

Did any of them even wear a Canadian flag pin? May did pointed out her UN pin she was wearing!

But there were two nice looking triangles up on one wall?? The zeitgeist movie came to mind.

#107 The Buff News on 10.08.19 at 10:09 am

A few of you protest too much, and doubt you have read about a dozen articles. The facts and pictures given were ahead of time, and the details cannot be disputed, because of the reality giving us a bigger picture of what was happening. Nobody could have made this up, unless they had inside information. I kept most of them, and over time they were unfolding one by one with a sense of accuracy.

#108 Ray Skunk on 10.08.19 at 10:18 am

Anyone predicting a T2 landslide would do well to take a look here:

https://www.cbc.ca/news/politics/tasker-five-key-moments-english-leaders-debate-1.5312831

Now, the CBC and its clientele are certainly left-of-centre.
Go to comments, sort by “most liked” – and the results are in – T2 was taken apart. There are the usual beyond-hope die-hards who differ, but generally the cross-section is pro-Scheer.

Gives me hope that, in spite of CBC bias and spin, the Canadian public are seeing how things truly are.

#109 Stan Brooks on 10.08.19 at 10:32 am

#99 Tater on 10.08.19 at 8:25 am
————————————
I treat people with the respect they deserve. Stan is massively ignorant and rude, so he gets none.

Oops, I was so counting on your respect… You just crashed my self esteem.

BTW CDOs where 1.4 trillions in 2007, google it.

Government here covers around a trillion in mortgage debt ‘insurance’ back stopping private and public insurers, google it, around 60 % of the total mortgage portfolios of 1.6 trillion.

Compare the sizes of the economies.

Now tell me how 60 % insured mortgages (i.e. lenders do not want that risk, i.e. low ratio non-prime/subprime mortgages) is fine and how exactly the practice of mortgage ‘insurance’ brings stability and prudence. If you want to be behind that risk and share the ‘profits’, go ahead, be my guest.

#110 Joe Schmoe on 10.08.19 at 10:47 am

“You seem to be oddly obsessed with provincial politics,” the Conservative leader said to Trudeau during the federal leaders’ debate in Gatineau, Que. “There is a vacancy for the Ontario Liberal leadership and if you’re so focused on provincial politics, go and run for the leadership of that party.”

I wonder how long they sat on that quip? The debate made Andy appear less robotic. Curious what that will mean.

JT looked like an 8 year old playing road hockey with a bunch of 12 year olds.

I liked that May/Singh talked about “positive politics” but it will likely go unheard.

#111 conan on 10.08.19 at 10:55 am

The debate:

Scheer: Opened up with a major insult throw to JT. Works with his base, but probably turned people off, who were on the fence.
I don’t think he got any new voters.

Trudeau: Chooses funeral attire and was the target of Scheer’s early wrath . He seemed to bounce back ok . A few missteps during the night, but I don’t
think he was hurt in any meaningful way.

Jagmeet: This guy will be a force to reckon with next election. He is really in his element, when it comes to live broadcast, show your stuff, politics.
He is going to steal votes from the Greens. Maybe a few Liberal votes as well.

Lizzy : She got outclassed by the Jag. This will be her last election.

Bernier: He is going to steal votes from the Cons. 2 or 3 percent can be a difference maker in the tight ridings.

Blanchet: Considering what he wants politically, he did ok. His Quebec only party will take votes from everyone, but mostly from the Conservatives,

I don’t think this debate changed anything. Its still going to be a tight race. The strategic vote will be the difference maker and that favors the Liberals.

JT for the win.

#112 Eks dee Siple on 10.08.19 at 11:11 am

#75 JustWondering…. because 2% milk is still about $4 and 32″ TVs are $100 cheaper. According to the government nobody buys fuel or shelter.

#113 Sail Away on 10.08.19 at 11:15 am

#72 acdel on 10.07.19 at 10:21 pm

This is a question for anyone out there that owns, runs
a business or is an important decision maker within it!

Would anyone of you hire Justin Trudeau to run your company;? If yes, please say why; if not same thing!

————————————–

Not a chance, for the following reason: at least twice during the debate Trudeau said he would fight Ontario and Alberta premieres.

Would anyone bring on a CEO who vows to fight key players rather than work together to find common ground?

#114 Eks dee Siple on 10.08.19 at 11:30 am

Capitalism 101: Let the banks take their own risk. Nitro, did you pocket some cash on your recent home sale you mentioned? If so, that is the product of the socialist CMHC. (Socialist for the banks, that is). Anyone else here make some money on their home sale? Congrats, you are officially a practising socialist.

#115 Piet on 10.08.19 at 11:41 am

It’s nice to live in a riding where one can vote for the candidate who will win without having to vote Lib or Con.

#116 M.T. on 10.08.19 at 11:44 am

Max came across like the only adult in the room (except for the Bloc guy, surprise to me, I never paid attention before). Jag was most likeable, most “I’d have a beer with”, even though I agree with none of his policy. Here’s hoping the Cons have one more scandal to drop so I can keep my guns for another four years.

#117 TurnerNation on 10.08.19 at 11:44 am

#106 G congrats you too are on a list now ;)
Credit Reddit for that flag find not me.
Appears, our forum host with his Cdn flag is a holdout.

#118 Damifino on 10.08.19 at 11:47 am

Did Elizabeth May, in public, appeal to the almighty to intervene in our election by denying Justin Trudeau a majority? Clearly a Trump inspired move.

It’s May’s fondest hope she’ll play federally the same role Andrew Weaver does (or did) provincially in BC (i.e. the dog-wagging tail that delivers us from eco-calamity).

Weaver just announced he’s stepping down as provincial Green leader. Oh well… There were too many Andrews drifting about anyway since Andrew Wilkinson took over the BC Liberal Party leadership. With Scheer adding another Andy to the mix we’re now quite perplexed.

A note to Easterners: You must swap the word ‘liberal’ for ‘conservative’ in the province of BC. It’s a west coast thing. You wouldn’t understand.

#119 Jesse on 10.08.19 at 11:51 am

CLIMATE CHANGE!! CLIMATE CHANGE!! CLIMATE CHANGE!! WE’RE ALL GOING TO DIE!! WE NEED TO RAISE TAXES 50% ON EVERYONE OR WE WILL ALL DIE!!

Wake up Canada, do you see what the UN and Canadian politicians are trying to push? Notice how not one person mentioned China or India? What does that tell you?

#120 Sail Away on 10.08.19 at 12:02 pm

#99 Tater on 10.08.19 at 8:25 am

I treat people with the respect they deserve. Stan is massively ignorant and rude, so he gets none.

———————————

Totally indefensible Tater. That’s like saying you only hit people who deserve it.

Who made you the judge? Be nicer.

#121 Remembrancer on 10.08.19 at 12:07 pm

#107 The Buff News on 10.08.19 at 10:09 am
A few of you protest too much, and doubt you have read about a dozen articles. The facts and pictures given were ahead of time, and the details cannot be disputed, because of the reality giving us a bigger picture of what was happening.
———————————————-
Its not about protesting too much, its about calling out complete BS as complete BS. Like cutting a tumor from the body politic. This extension of US talk radio 4chan-feed conspiracy nonsense needs to be exposed for what it is…

Only problem is, the slamming feeds the jollies for the type of people who get off on being told they’re bonkers. Pathetic that this has become a religion, giving meaning and a connection to like minded…

#122 Sail Away on 10.08.19 at 12:08 pm

#114 Eks dee Siple on 10.08.19 at 11:30 am

Capitalism 101: Let the banks take their own risk. Nitro, did you pocket some cash on your recent home sale you mentioned? If so, that is the product of the socialist CMHC. (Socialist for the banks, that is). Anyone else here make some money on their home sale? Congrats, you are officially a practising socialist.

————————————

Oh, I’m very happy to take any benefits I can from socialistic programs. That doesn’t mean I support the system, though. Two different things.

#123 Sail Away on 10.08.19 at 12:11 pm

#119 Jesse on 10.08.19 at 11:51 am

CLIMATE CHANGE!! CLIMATE CHANGE!! CLIMATE CHANGE!! WE’RE ALL GOING TO DIE!! WE NEED TO RAISE TAXES 50% ON EVERYONE OR WE WILL ALL DIE!!

———————————–

Lizzie? Lizzie, is that you?

#124 M.I.A. on 10.08.19 at 12:17 pm

Pay attention or you will miss the birdie. The silence is deafening, because a Liberal MP has been missing all too long. I wonder what’s up!

#125 Tina Simms on 10.08.19 at 12:22 pm

Eks dee Siple, since you don’t like CMHC which I do not also like them. Let’s go more capitalist and stop the biggest socialist policy with western world economies and most of the world, low to ultra low to negative interest rates by central banks which by the way is part of Karl Marx’s communist manifesto.

Interest rates to stat at least double where they are now 3.5% to 4% on deposits and 5% to 5.5% on mortgages and lines of credit HELOC’s and other collateral, property backed. This is just a start put really anything less than 6% to 7% mortgage rates will not cool down the minimum needed 20% to 25% price drops to stop in it’s tracks speculation and trading of real estate with the most socialistic policy of all, cheap to really low interest rates with central authorities, government.

#126 Steven Rowlandson on 10.08.19 at 12:29 pm

“Libs and Cons have rolled out multi-pronged plans to ‘make houses more affordable.’ But this isn’t going to happen.”

That is right Garth it won’t happen with them running the show…. It would be a conflict of interest as most if not all of them are home owners or if you like real estate investors… They are just talking a great game so that they can get elected.

#127 James on 10.08.19 at 12:32 pm

#96 TurnerNation on 10.08.19 at 8:16 am

Anyone own a house here? As 1st World countries get wound down. As I always say, 1st World countries get economically bom’d. 2nd and 3rd ones just get bom’d.

Our governements can end poverty, win that war on drugs, and change the climate! Let’s dial it back to a time when ice existed between Russia and Alaska. Our goverments can control the wea…err climate now. (Wait is that a step into weather modification/warfare? Not this blog. Beyond my pay grade)

“The Globe and Mail reports in its Tuesday, Oct. 8, edition that the largest pension fund in Norway has removed four Canadian energy names from its investment list. A Canadian Press dispatch to The Globe reports that KLP says it sold $58-million (U.S.) worth of stocks and bonds as it reduces its tolerance threshold for companies with interests in the oil sands from 30 per cent to 5 per cent, matching its limit for coal investments. The fund says it will now exclude Calgary-based Cenovus Energy, Suncor Energy, Imperial Oil and Husky Energy from investment consideration, along with Russia-based Tatneft PAO. Shares in all four companies have fallen since a year ago as growth outstripped pipeline capacity, leading to steep price discounts and legislated production curtailments in Alberta. Greenpeace Canada’s Keith Stewart says institutional investors are continuing to abandon high-carbon investments because they “can see where the puck is heading.”In a news release, the Norwegian fund, which administers more than $81-billion (U.S.) in assets, says a full exit from the oil sands is “great news” for customers because that activity is not aligned with a two-degree Celsius global warming target.
© 2019 Canjex Publishing Ltd. All rights reserved.”


As wags note, where was the CDN flag during the debate? Trick question. We are a post national UN State. TV shot:
http://magaimg.net/img/9546.jpg

____________________________________________

All of these Green bum kissers that talk the talk but don’t walk the walk the walk are out to lunch. T2 is a piece of lying dog excrement. Singh comes off as an OK guy but way too left and would bankrupt us quicker than Mr socks is doing it now. Scheer meh nothing bad, nothing spectacular at least he isn’t directly lying as us on national TV while he looks into the camera when a question comes across that he knows will sink his ship. The other two all I can say is holy shit they are definitely on the lunatic fringe. The Green, and NDP want to kill gas and oil completely. T2 is killing it softly via his dumb-ass moves to hinder pipelines by buying them at a losses then stymieing them with his indigenous people’s hugs and kisses, wink, wink, nudge, nudge I won’t let the pipelines cross you land until I do! Another lie.
We need oil and gas and will continue to need it for several decades. Within those decades there will be several disruptions including wars that will cause oil to spike and decline. My company has worked with Princeton Plasma Labs, the DOE (US) and others the likes of General Fusion on leading edge technology to produce viable fusion by reducing plasma disruption with RF technology. We as a planet are still several decades away from making fusion a feasible source of electricity. A commercially viable reactor before that demonstrates energy-gain perhaps by 2050. We expect that in late 2020’s and into the mid 2030’s where a concept reactor could be up and running. Until then we will need oil once the deed is done and fusion come into play the green people will have to go onto save the owls or some other career choice. Canada is going to miss the mark to unload all of those huge resources before Fusion comes into play and will be left with mounds of oil in the ground that no one will want. We need to move it out now and sell it at a profit. Mark my words oil and gas will increase again in huge escalating cycles.

#128 Tater on 10.08.19 at 12:47 pm

#120 Sail Away on 10.08.19 at 12:02 pm
#99 Tater on 10.08.19 at 8:25 am

I treat people with the respect they deserve. Stan is massively ignorant and rude, so he gets none.

———————————

Totally indefensible Tater. That’s like saying you only hit people who deserve it.

Who made you the judge? Be nicer.
———————————————-

Nope. I only hit people who hit first. But I always hit back.

#129 Hookshot on 10.08.19 at 12:50 pm

#90 NoName on 10.08.19 at 7:05 am
Norway that uber green wehicle country, 50% of exports is oil and gas…

https://www.regjeringen.no/en/dokumenter/Business-and-industry-in-Norway—The-structure-of-the-Norwegian-economy/id419326/
………………
And yet, they are leaders in Electric Vehicle implementation. They have fully understood that they have a nonrenewable resource that the world has wanted, so have utilized that resource to ensure their country will have no monetary problems for a long, long time while looking after all their citizens. Wish we could say the same thing!

https://elbil.no/english/norwegian-ev-policy/

Where do you think our electricity comes from? – Garth

#130 BillyBob on 10.08.19 at 12:56 pm

Already voted, mailed in my expat voting pack. I wondered how it would work, given that this is the first election I’ve been eligible to vote in since leaving Canuckistan more than a decade ago. I learned that one votes in the riding one last resided in before expatriating. Which in my case wasn’t even the city of my birth nor the one I regularly return to.

Still, I did my due diligence and had a look at the candidates. Was never going to vote anything but Conservative in this election, but was pleased to see the local candidate running is by all accounts a decent guy. Nice to not have to feel bad about voting strategically for a loser.

And funny how satisfying casting my one meaningless vote in the cause to remove that smug, entitled brat as the face of Canada is…

#131 James on 10.08.19 at 1:03 pm

#65 Shawn Allen on 10.07.19 at 10:01 pm

The We myth

#54 Reality on 10.07.19 at 9:05 pm
Canada could adopt the most stringent environmental regulations. Shut down the oil sands and ban all plastics.

It wouldn’t matter.

We have 37,000,000 people

****************************
Let’s stop with this nonsense that “we” are all on team Canada and compete against team China etc.

People are individuals and are on team numero uno. There is no collective team Canada. Do your own part to spew less carbon or at least willingly pay the carbon tax to spew.

To the extent we are all on one team when it comes to climate it is more like team earth. Team humanity. Do your own part.

Canadians as a collective emit more per capita than Asians you can bet on that.

This global problem requires global action. Like it or not.

This irrelevant fact that “Canada is only 2%” of emissions or whatever is the equivalent Smoking Man pissing in the pool at the swim up bar and figuring just one pisser won’t cause much harm especially if he suspects many others in the pool are doing the same. I think Smoking Man has admitted to or at least alluded to as much. Take personal responsibility.
_____________________________________________
Eeww just thinking of The Old Man (Smoking Man) pissing in the pool with his bald head, bad breath, lack of teeth and sunglasses on watching the young girls. I wonder if his Depends TM will fall apart in the pool water?
I have to go and throw up now.

https://www.youtube.com/watch?v=AYXL8wf9Wt4

#132 jess on 10.08.19 at 1:13 pm

…”Despite challenges to multilateralism, a consensus for global tax reform is emerging- and it is much needed, as international corporate tax rules are under unprecedented stress.

The Base Erosion and Profit Shifting (BEPS) Action Plan adopted four years ago by the G20 did not stop countries from undercutting each other with unilateral measures to protect their tax base. Furthermore, BEPS did not address the challenges of the digital economy, failed to simplify rules for tax administrations, did not address the race to the bottom in tax rates and it ignored developing countries’ longstanding demand to revisit taxing rights.”

https://gfintegrity.org/

=========

The data here come from the most important book on government policy that I’ve read in a long time — called “The Triumph of Injustice,” to be released next week. The authors are Emmanuel Saez and Gabriel Zucman, both professors at the University of California, Berkeley, who have done pathbreaking work on taxes. Saez has won the award that goes to the top academic economist under age 40, and Zucman was recently profiled on the cover of Bloomberg BusinessWeek magazine as “the wealth detective.”

They have constructed a historical database that tracks the tax payments of households at different points along the income spectrum going back to 1913, when the federal income tax began. The story they tell is maddening — and yet ultimately energizing. ”

https://www.hoover.org/research/colonial-roots-american-taxation-1607-1700

who gets counted?
Tax Aversion and the Legacy of Slavery
An essay by Robin L. Einhorn
author of American Taxation, American Slavery

..”Henry and others sought to end their importation to Virginia, and succeeded in 1778. They assumed that in so doing, they were fighting slavery, but in the generation after independence, slave births greatly exceeded deaths, and Virginia became a source of slaves sold south in the coast wise slave trade.[48]
===========================
2012

David Sehat, Georgia State University, The Myth of American Religious Freedom (Oxford University Press)

“In The Myth of American Religious Freedom, Sehat provides an eye-opening history of religion in public life, overturning our most cherished myths.

Originally, the First Amendment applied only to the federal government, which had limited authority. The Protestant moral establishment ruled on the state level. Using moral laws to uphold religious power, religious partisans enforced a moral and religious orthodoxy against Catholics, Jews, Mormons, agnostics, and others. Not until 1940 did the U.S. Supreme Court extend the First Amendment to the states. As the Supreme Court began to dismantle the connections between religion and government, Sehat argues, religious conservatives mobilized to maintain their power and began the culture wars of the last fifty years. To trace the rise and fall of this Protestant establishment, Sehat focuses on a series of dissenters–abolitionist William Lloyd Garrison, suffragist Elizabeth Cady Stanton, socialist Eugene V. Debs, and many others.

Shattering myths held by both the left and right, David Sehat forces us to rethink some of our most deeply held beliefs. By showing the bad history used on both sides, he denies partisans a safe refuge with the Founders.

#133 Marcus on 10.08.19 at 1:35 pm

Finally. As I mentioned a few days ago the woman in the blackface photo would potentially be Justin’s “Monica moment”. The story is dropping today. Drip drip drip. Justin has so many skeletons from his early 20’s. Some of them are deemed permissible in today’s society while others are still a third rail. This shou ld get good! https://www.zerohedge.com/geopolitical/trudeau-rumored-be-talks-suppress-potentially-career-ending-sex-scandal

#134 Marcus on 10.08.19 at 1:37 pm

She was a minor. She entered the school a year ahead and Justin’s goose is cooked. The Chronicle’s sources claim that political observers had been anticipating an expose in Saturday’s Globe and Mail. However, it appears Trudeau and his people have gotten to the woman, and are in the process of negotiating an NDA. The woman is being represented by counsel, and is reportedly being offered monetary compensation.

#135 Eks dee Siple on 10.08.19 at 1:42 pm

ROTFLHMBWTIME…Rolling on the floor laughing holding my belly with tears in my eyes. Thanks to Tater (pot kettle black) and Sail Away who no comprendre that he IS supporting the system by feeding off it. SMH (shaking my head).

#136 NoName on 10.08.19 at 1:53 pm

@Hookshot

funny how novegions are being preized for being smart for implementing green solutions by means of exporting polution… rimes to, good job me!

Why Canadians cant do that so we can be proud of our selfs to ??? Does it pipeline stand in a way, maybe, i dont know. ¯\_(ツ)_/¯

Reason we (ontario) got smart meters way back, at least when desition was made we were toght with suply, so to acomodate industry low life like me had to change when he cooks and does a laundry.

Ever since GFC we shoot down coal, and industry left, and we did become more efficient to accommodate that reduction in supply.

i realy dont want you to take my word for it do some research yourself, and you find more funny stuf, like how wind turbanes generating planty power when we don need it (winter) and not that much summer time when we need it. I am sure if you start gargle serch query with question, youll find lots interesting stuff.

just for $#!7$ and gilles do google winter average temperature oslo and ottawa and compare them, and ask you self question how electric car performs on -20’C. and tell us what did you find out.

i did posted those links other day, but why not doit again, here they are.

https://www.carbonbrief.org/mapped-worlds-coal-power-plants

and this what to do to achive net 0 buy 2050.

https://www.forbes.com/sites/rogerpielke/2019/09/30/net-zero-carbon-dioxide-emissions-by-2050-requires-a-new-nuclear-power-plant-every-day/#21e0dd0d35f7

friend of mine told me this other day, if peoplekind size to exist totaly disapirs from planet and stop emiting green house gases, temperature would keep reising and plato around 150 years later. i did posted links to papers about that – minus people disapiring.

#137 Eks dee Siple on 10.08.19 at 1:55 pm

Where do you think our electricity comes from? – Garth

Are we talking Ontario? 55% nuclear, 25% Hydro, 10% Natural Gas, 7% Wind, and 1% Other Sources

Alberta? Coal 50%, Natural Gas 40%, Wind 7%, Hydro 3%, Biomass/Geothermal 3% The Skatch is similar.

BC? Hydro 88%, Biomass/Geothermal 9%, Others 3%

Manitoba? 97% Hydro, Wind 2%, Others 1%

Yukon? 95% Hydro, 5% Petroleum

NWT? 52% Petroleum, 34% Hydro, 13% natural gas, Wind only 1%

Quebec? 95% Hydro, 4% Wind, Others negligible

NewBru? Uranium 30%, Hydro/wave/tidal 21%, Wind 6%, Coal 21%, Natural Gas 15%, Petroleum 4%, New Scotland similar.

Newfoundland and L? Hydro 95%, Pet 2%, NG 2%, Wind 1%,

PEI? Wind 98% ! Go PEI !

https://energyrates.ca/the-main-electricity-sources-in-canada-by-province/

#138 Penny Henny on 10.08.19 at 1:56 pm

#129 Hookshot on 10.08.19 at 12:50 pm
#90 NoName on 10.08.19 at 7:05 am
Norway that uber green wehicle country, 50% of exports is oil and gas…

https://www.regjeringen.no/en/dokumenter/Business-and-industry-in-Norway—The-structure-of-the-Norwegian-economy/id419326/
………………
And yet, they are leaders in Electric Vehicle implementation. They have fully understood that they have a nonrenewable resource that the world has wanted, so have utilized that resource to ensure their country will have no monetary problems for a long, long time while looking after all their citizens. Wish we could say the same thing!

https://elbil.no/english/norwegian-ev-policy/

///////////////////////

If Norway cared so much about the environment they would not be pumping that oil out of the ground to sell to other countries.

SHAME!

#139 AGuyInVancouver on 10.08.19 at 1:59 pm

#107 The Buff News on 10.08.19 at 10:09 am
A few of you protest too much, and doubt you have read about a dozen articles. The facts and pictures given were ahead of time, and the details cannot be disputed, because of the reality giving us a bigger picture of what was happening.
_ _ _
You do realize that was barely coherent, right?

#140 Tater on 10.08.19 at 2:08 pm

LOL at the folks who think the Buffalo Chronicle is a reputable news source.

#141 Sail away on 10.08.19 at 2:11 pm

#128 Tater on 10.08.19 at 12:47 pm
#120 Sail Away on 10.08.19 at 12:02 pm
#99 Tater on 10.08.19 at 8:25 am
I treat people with the respect they deserve. Stan is massively ignorant and rude, so he gets none.
———————————
Totally indefensible Tater. That’s like saying you only hit people who deserve it.
Who made you the judge? Be nicer.
———————————————-
Nope. I only hit people who hit first. But I always hit back.

——————————–
Oh boy.

What if a child hits you? Or, for that matter, Andre the Giant? You’re saying you have no discretion?

#142 n1tro on 10.08.19 at 2:21 pm

#114 Eks dee Siple on 10.08.19 at 11:30 am
Capitalism 101: Let the banks take their own risk. Nitro, did you pocket some cash on your recent home sale you mentioned? If so, that is the product of the socialist CMHC. (Socialist for the banks, that is). Anyone else here make some money on their home sale? Congrats, you are officially a practising socialist.
———–
Made about $50K gross but probably really only $20K after the fees and upgrades I put in. Meh returns for 2 years. Planning on going back to the big smoke for 6 figures. Go hard for a few years and semi retire. Working for others suck, especially if you have co-workers that have a need to step on others to make themselves look good. There is always one in every office. At least I’ll get paid more to deal with it. As for supporting the CHMC….didn’t use them as I had more than 20% down. The people who bought my place coming from GTA probably recently selling their inflated property. GTA money is making even farther surrounding places pop.

#143 Sail away on 10.08.19 at 2:33 pm

#135 Eks dee Siple on 10.08.19 at 1:42 pm

ROTFLHMBWTIME…Rolling on the floor laughing holding my belly with tears in my eyes. Thanks to Tater (pot kettle black) and Sail Away who no comprendre that he IS supporting the system by feeding off it. SMH (shaking my head).

——————————

Are you saying I’m a hypocrite, Eks? It wouldn’t be the first time. I lie sometimes, too.

It’s probably just pure self-interest on my part, though, rather than loftier ideology. I’ll squeeze every last penny of benefit out of a program while simultaneously opposing any requirement for me to pay for the benefit of the whole.

Some of that comes from cynicism that the government will do anything useful with extra funds. I think even Garth said at one time to watch the way government handles money and do the opposite.

#144 James on 10.08.19 at 2:47 pm

Hey Smoking man how about them gas prices out your way, better move soon.

https://www.gasbuddy.com/home?search=92660&fuel=1

#145 bdwy on 10.08.19 at 2:50 pm

You do realize that was barely coherent, right?
——————
the ‘old man’ is still among us (he’d be #1 volume poster if he did not use a new name every post.)

but he always likes to keep it cryptic, yet implying to be personally in the know…

i heard the dirt on trudeau has been quietly whispered for years among vancouver people. apparently the old man has a scrapbook! sent it to TIME magazine asap!

——————–
and is it just me, but jess ??? wtf??? give it a rest dude.

#146 Bigger Picture on 10.08.19 at 2:57 pm

#139 AGuyInVancouver – The bigger picture takes place in Vancouver, B.C. and parts of Alberta.

#147 Overheardyou on 10.08.19 at 3:00 pm

I wouldn’t be surprised if all this climate urgency talk inspires people to take the jump earlier in using up their ‘share’ of carbon faster, seeing how human nature always prevails.

#148 jess on 10.08.19 at 3:02 pm

indian scam centers tech support fear centers
and have infiltrated search engines!

microsoft been fighting them for years
loses of billions globally
2 out of 3 people experienced this
criminal crime international

cbc marketplace shows them real time video

https://gem.cbc.ca/media/marketplace/season-47/episode-2/38e815a-011c1a24665

#149 bdwy on 10.08.19 at 3:06 pm

PEI? Wind 98% ! Go PEI !

—————-
careful what you read on the internet, the greenies are corrupting data.
from the company that sells it, today…

https://www.maritimeelectric.com/about-us/community-and-environment/renewable-energy/
In 2015, PEI was one of only two provinces in Canada which generated 10% or more of its electricity from wind sources.

Current on-Island wind generation is approximately 291,400 MWh, representing approximately 25% of total electricity supply.

At the appropriate amount, wind generation is a competitively priced source of electricity for Maritime Electric and we continue to work with the provincial government to increase the amount of wind, and other renewable forms of generation, up to as much as 30% of our customers’ electricity needs.

also

However, PEI uses a lot of electricity from other provinces to meet its needs. In 2015, almost 75% of electricity used in PEI was supplied via subsea cables from New Brunswick. The high share for renewables in PEI reflects the share attributable to power generation, and not power consumption.

Almost half of PEI’s installed capacity consists of diesel and oil-fired facilities. These thermal-fired generators are typically used as “peakers” or for emergency back-up when demand is high and off-island supply is interrupted, or island wind production is intermittent.

Maritime Electric Company Ltd. owns and operates most thermal generation on the island. The balance of the thermal generation is owned by the municipal utility in the city of Summerside. Eight wind farms are owned by a small number of independent companies,

#150 Lost...but not leased on 10.08.19 at 3:17 pm

#137 Eks dee Siple on 10.08.19 at 1:55 pm
Where do you think our electricity comes from? – Garth

================================

Watched a video a while back re: future electricity sources.

Referencing Britain..if they were to depend solely on solar and wind power…the MAXIMUM they could achieve power was 30% of the time,(ie not 24/7) and from that ,….would require approx 33% of the TOTAL land mass dedicated for windmills and solar power….

Over to you Libtards

#151 Remembrancer on 10.08.19 at 3:21 pm

#137 Eks dee Siple on 10.08.19 at 1:55 pm
Where do you think our electricity comes from? – Garth
PEI? Wind 98% ! Go PEI !
—————————————————-
OY VEY! You might want to consider your internet sources and the fun with statistics some of them use…

> 80% PEI electricity comes through submarine cable from NB and they have province-sized diesel / heavy oil peak service / backup generating stations along with those windmills…

#152 Point Of Interest on 10.08.19 at 3:35 pm

Many working citizens living in Vancouver were unable to see this debate taking place because it was 4:00 PM there. I took notice of Scheer’s initial attack about the PM always wearing a mask. He gave a few examples, and called him a phoney, and a fraud who does not deserve to govern this country. This told me he must have the evidence to remove these masks if needed to do so. T2 looked frightened by it all, because he understand the message sent.

#153 Sail away on 10.08.19 at 3:42 pm

#147 Overheardyou on 10.08.19 at 3:00 pm

I wouldn’t be surprised if all this climate urgency talk inspires people to take the jump earlier in using up their ‘share’ of carbon faster, seeing how human nature always prevails.

————————————-

You know why human nature prevails? It’s because most of us are human.

#154 Yuus bin Haad on 10.08.19 at 3:47 pm

Poor old Doug was never the same after his close call with the Water Torture Cell – an unsung pioneer (well, practitioner at least) of magic, illusion, and escape

#155 jess on 10.08.19 at 3:55 pm

Facebook confirms Donald Trump can lie in ads, but he can’t curse

The Trump campaign spent over $1.6 million on Facebook ads between September 25 and October 1, many of which included false or misleading claims.
Facebook took down one of these ads – which referred to Joe Biden as a ‘b–ch’ — because it violated its ad policy against profanity. The Trump campaign revised the ad to include a debunked claim about Biden; it was allowed to stay up because Facebook ads from politicians are not eligible for third-party fact-checking.
Elizabeth Warren and other Democrats have challenged Facebook’s misinformation policies, asserting that the social network is promoting lies, and making money by doing so. ”
==========================

facebook
13. Misinformation
Policy
Facebook prohibits ads that include claims debunked by third-party fact checkers or, in certain circumstances, claims debunked by organizations with particular expertise. Advertisers that repeatedly post information deemed to be false may have restrictions placed on their ability to advertise on Facebook. Find out more about Fact Checking on Facebook here.
Examples

Ads containing claims which are debunked by third party fact checkers

Ads which include misinformation about vaccines as identified and verified by global health organizations such as the World Health Organization
Read more

Facebook confirms Donald Trump can lie in ads, but he can’t curse
Will Fischer
https://www.businessinsider.com/trump-can-lie-in-facebook-ads-but-no-profanity-cursing-2019-10

#156 Sail away on 10.08.19 at 3:56 pm

#138 Penny Henny on 10.08.19 at 1:56 pm

If Norway cared so much about the environment they would not be pumping that oil out of the ground to sell to other countries.

SHAME!

——————————–

I guess Norway could always sell other countries all their other products, which equates to…. [crickets]

What do you think would happen to that vaunted socialist experiment with no money?

Maybe each resident could receive an annual and equitable allowance of fish?

#157 Penny Henny on 10.08.19 at 4:36 pm

#145 bdwy on 10.08.19 at 2:50 pm
You do realize that was barely coherent, right?
——————
the ‘old man’ is still among us (he’d be #1 volume poster if he did not use a new name every post.)

but he always likes to keep it cryptic, yet implying to be personally in the know…

——————–
and is it just me, but jess ??? wtf??? give it a rest dude.

/////////////

no it’s not just you.
He is annoying, at least he should stick to one name so I can scroll by quicker.
Garth, get on that will ya

#158 Alice P Lynne on 10.08.19 at 4:38 pm

DELETED

#159 RWZN on 10.08.19 at 4:38 pm

“The price of real estate will remain unaffordable until (a) [..] (b) […] both [of] which will never happen.”

Or until there’s a big correction, which will also never happen

#160 crazyfox on 10.08.19 at 4:41 pm

#131 James on 10.08.19 at 1:03 pm
#65 Shawn Allen on 10.07.19 at 10:01 pm
#54 Reality on 10.07.19 at 9:05 pm

Shutting down bitumen extra heavy crude oil production is not necessary economically OR environmentally as far as I can tell. Here’s why. The downstream use of bitumen products are better suited in the fight against C02 pollution than we realize. When we look at the down stream C02 emissions from the tar sands, we’ll see it.

Take a tonne of light crude as an example. The carbon concentration in light crude is roughly 87% but that’s only part of the story. When burnt, light crude emits 3.15 times C02 by weight:

http://numero57.net/2008/03/20/carbon-dioxide-emissions-per-barrel-of-crude/

I know, hard to wrap our heads around, but its true. Burning hydrocarbons add weight through the combination of hydrocarbons and atmospheric gasses (like oxygen, hence C02).

Refined bitumen, specifically if it’s refined into the production of asphalt and synthetic crude, emits far less C02 downstream. Why? Synthetic oil is 84% recycled and Asphalt is unburned.

Downstream emissions are only half the story. Upstream emissions with tar sand crude production is well known. Resource extraction of bitumen is average 18-19% C02 emissions by the tonne. Suncor’s average C02 emissions at the refinery hover around 42%. We look at 60% upstream emissions and say to ourselves, “that’s 2.5x light crude emissions, tar sand crude is so dirty” but is it true? There are further C02 emissions with asphalt by rail and extra heavy crude through pipelines and refineries down stream, as well as the addition of C02 with added LNG’s to get extra heavy crude API gravity up to pipeline grade (23.5). There are further C02 emissions in downstream refineries separating liquids and gases for consumption or further hydrocarbon products such as plastics to account for , but the point is this.

If it isn’t burnt downstream, hydrocarbons have a much lower C02 footprint. Factor in downstream emissions into the equation and Synthetic crude oil products, Asphalt and to some degree plastics, have the lowest C02 footprints of all hydrocarbons in their raw forms.

What I’m saying is, tar sand oil crude production is actually the cleanest oil in the world (who knew) but only if it’s downstream products are unburnt with end use.

Can Canada tailor it’s downstream hydrocarbon products to full synthetic oil and asphalt production as the four largest oil sand producers have already done? Yes, we can, of course, we are doing it with some scale now. We can force the entire extra heavy crude industry to do it over time through government regulation and political will if there’s enough market for it and we can create market somewhat through regulation (eg. ban conventional oils from the shelf). Can we reduce upstream C02 emissions substantially through combined existing technologies and carbon tax revenue targeted to offset the capital costs of these expenditures? Yes, we can. This is Canada and there is no stopping what we can do if we collectively work together and put our minds to it.

The federal government can target carbon tax revenue toward hybrid tech (gas/electric) for planes, trains, and ships as well. We are a long way off from full electric tech with high C02 emission sectors of transportation outside of cars and trucks, so why not lead?

But shutting down the tar sands? That makes no sense to me for environmental reasons “as long as we make downstream products that remain un-burned”. A green planet will still need asphalt and synthetic crude in a world with nearing 8 billion people, there’s no getting around this unless we would seriously consider cement highways that currently emit 1 ton of C02 per ton of cement (not withstanding dilution with the addition of sand and gravel or which can change through carbon capture and C02 mixing, but I digress). There is also no getting around the fact that as a quality resource, Canada sits on the best bitumen resources in the world. Our nearest competition is Russia and they are tech wise, 10 years behind us.

What I’m saying is, lets think it through. Climate change is a global threat, there’s no denying it. Btw, playing loose with facts like “Canada only has 37 million people so we have little impact on the planet” completely dismisses the most valuable commodity of all… leadership. Are we men or mice? Squeak up! Ask what future role “necessary” hydrocarbons have to play in the green planet to come or more specifically, what role will un-burned hydrocarbons play in the future to come and this will define the winners and losers in the oil industry of tomorrow and we’d better get started or this:

https://www.ctvnews.ca/sci-tech/hot-streak-september-fourth-month-in-a-row-to-break-or-tie-global-heat-records-1.4626386

September was the hottest month on record globally… August was tied for second. July was the hottest month ever recorded on the planet… June was the second hottest globally, April came in second. March came in second and this headline:

https://www.climatecentral.org/gallery/graphics/the-10-hottest-global-years-on-record

… gets replaced with the most forest fires on record and the most intense droughts, rainfalls, storms, famines, and stock crashes on record and the book of revelations is finally understood…. belatedly. Do we understand it yet? Lets not farg (is farg a word? Nope, but if it keeps me from swearing I’ll use it) around looking for excuses to do nothing, get realistic, quit selling ourselves short as losers often do, and get it done already! What are we waiting for, lets go!! :)

#161 crazyfox on 10.08.19 at 5:01 pm

#150 Lost…but not leased on 10.08.19 at 3:17 pm

Malarkey!

Btw, the use of the expression of Libtard is low EQ. Here, let me assist in defining it for you as you are likely to struggle with that:

https://www.quora.com/What-are-the-symptoms-of-low-IQ-as-well-as-low-EQ-in-adults
https://www.quora.com/What-are-the-symptoms-of-low-IQ-as-well-as-low-EQ-in-adults

#162 Lorne on 10.08.19 at 7:22 pm

I guess Norway could always sell other countries all their other products, which equates to…. [crickets]

What do you think would happen to that vaunted socialist experiment with no money?

Maybe each resident could receive an annual and equitable allowance of fish?
……..
So, they use their natural resources for the benefit of the whole country (unlike what we have done in Canada) and we still think they need to be criticized!

#163 Sail away on 10.08.19 at 7:56 pm

#162 Lorne on 10.08.19 at 7:22 pm

I guess Norway could always sell other countries all their other products, which equates to…. [crickets]

What do you think would happen to that vaunted socialist experiment with no money?

Maybe each resident could receive an annual and equitable allowance of fish?
……..

So, they use their natural resources for the benefit of the whole country (unlike what we have done in Canada) and we still think they need to be criticized!

—————————-

Where do you see criticism? Please elucidate.

#164 Kris on 10.09.19 at 10:06 am

#125 Tina Simms

What the hell are you even talking about? You’ve clearly never read Marx.

#165 Gary Scallion on 10.09.19 at 2:49 pm

Kris, it is true, central banks, centralization of credit by state bank or monopoly is one of ten planks of communist manifesto.

#166 OverheardYou on 10.09.19 at 3:43 pm

#153 Sail away on 10.08.19 at 3:42 pm
————————————-

You know why human nature prevails? It’s because most of us are human.

—————-

Exactly and people trying to be more than that are holding up a false belief.